Recap

The Chinese Caixin Manufacturing PMI for December beat expectations:Manufacturing PMI 50.8 vs. 50.4 expected and 50.7 prior.Output and new orders both increase at quicker rates.firms maintain a cautious approach to…

The British pound was king of pips this week, edging out the U.S dollar who fell from the top spot in the final moments of trade due to weak U.S. updates on Friday. On the other end of the spectrum, the Japanese yen lost big…

The New Zealand Services PMI for November jumped back into expansion:Services PMI 51.2 vs. 49.2 prior.BNZ Senior Economist Doug Steel:“Despite November’s lift, the PSI remains below its long-term norm of 53.5. And the combination of…

China’s inflation data over the weekend surprised to the downside as the economy continues to face deflationary pressures:CPI Y/Y -0.5% vs. -0.1% and -0.2% prior.CPI M/M -0.5% vs. -0.1% expected and -0.1% prior.Core CPI Y/Y 0.6%…

The past week was particularly explosive in the crypto markets, the capitalization of which increased by close to $200 billion. Currently standing at $1.7 trillion, the industry shows little signs of slowing down. Starting…

BoJ Noguchi reiterated the central bank’s focus on wage growth to reach their 2% target sustainably with no policy change in sight:It's true the impact of elevated global inflation is reaching Japan's economy with consumer…

BoJ Governor Ueda continues to be uncertain about them hitting the 2% target sustainably:Cannot say with conviction that inflation will hit 2% sustainably.Japan economy is recovering moderately.The output gap has narrowed to…

The PBoC left its LPR rates unchanged as expected:LPR 1-year 3.45%.LPR 5-year 4.20%.PBoCECB’s Wunsch (hawk – voter) gave a clear signal that the ECB is going to hold rates steady in the next two months, but warned that an easing in…

A lot can happen in seven days in a volatile industry like the crypto sector, and it indeed did over the past week. Arguably, the most significant piece of news came a few days ago when the US Department of Justice…

Interest rate expectations and central bank rhetoric was heavy this week and seems to have been a biggest drivers of price action. This was most notable in the U.S. with a heavy dose of commentary form Federal Reserve…